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BBCNEWS World July 5, 2024

behind the alibaba single - our asia correspondent. he was behind the alibaba single stay l behind the alibaba single stay phenomenon in 2009 and has been the chief executive for about eight years and he has been the chairman for around four years but now he is stepping down and he willjust focus on heading up the company s new cloud computing unit which is going to work on artificial intelligence. it is all part of the company s broader pivot away from e commerce and online shopping is what made it its fortune but in recent years sales have been sluggish and the value of the company has diminished and the management decided there was need for a rethink so about three months ago they announced the company would be splitting up into six. we company would be splitting up into six. ~ , . ~ company would be splitting up into six. ~ , ., ~ ., ., company would be splitting up into six. ~ , w . ., , company would be splitting up into six. we will break away to bring you some n ....

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Google spent ₹17,500 crore to lay off 12,000 employees

Google parent Alphabet announced plans to cut 12,000 job in January 2023, biggest in its history. ....

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Microsoft and Google Ride AI Wave to Soaring Revenues

Microsoft and Google Ride AI Wave to Soaring Revenues
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BBCNEWS Asia Business Report June 4, 2024 00:33:00

Profit. microsoft s quarterly profit grew thanks to the strength of its cloud computing unit and sales from microsoft s intelligent cloud business, its biggest revenue driver grew 15% from this time last year to $24 billion. but that was perhaps less than wall street was hoping for because the share price initially traded lower. focusing on the big bit of artificial intelligence the ceo said we remain focused on leading the new ai platform shift. microsoft is not the only tech giant investing heavily in al. alphabet is developing and deploying ai heavily in al. alphabet is developing and deploying al to improve its search as well as other products. that along with a slight improvement in the digital app market helped it turn a net profit of $18.4 billion in the last quarter. its cloud business also enjoyed strong positive momentum revenue. and musical chairs at the company, google said its ....

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BBCNEWS Asia Business Report June 4, 2024 01:35:00

Outlook for this year. they now think the global economy will grow 3% in 2023. the imf has highlighted future concerns such as rising interest rates as well as china s shallower than expected post covid economic rebound. it is also a big week for big tech and both microsoft and alphabet have reported their latest quarterly earnings and both saw their profits soar. both companies are locked in a race to develop artificial intelligence tools but as my colleague explains that is not quite driving future revenue just yet. when it comes to cloud services microsoft and google s parent company alphabet major players in a field that continues to drive profit. microsoft s quarterly profit grew thanks to the strength of its cloud computing unit and sales from microsoft s intelligent cloud business, its biggest revenue driver grew 15% from this time last year to $24 billion. but that was perhaps less ....

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